Personal Finance Advice and Commentary

Wednesday, December 07, 2011 12:30 pm
By Marcie Geffner · Bankrate.com

The Consumer Financial Protection Bureau, or CFPB, plans to streamline a number of regulations it “inherited” as part of its inception from seven other agencies. And it’s asking the public for advice on how to tackle the job. Raj Date, special adviser to the Treasury on the CFPB, said in a statement the goal is

Tuesday, July 19, 2011 12:30 pm
By Marcie Geffner · Bankrate.com

The U.S. Government Accountability Office, or GAO, has issued a report showing how federal government agencies are utilizing financial and human resources to implement the Dodd-Frank Wall Street Reform and Consumer Protection Act. Enacted a year ago, Dodd-Frank includes hundreds of provisions intended to strengthen oversight of U.S. banks and nonbank financial companies and consolidate

Wednesday, December 15, 2010 9:30 am
By Marcie Geffner · Bankrate.com

Credit cards and mortgages. Those two consumer financial products are in the sights of Elizabeth Warren. She’s an assistant to President Barack Obama and special adviser to the secretary of the Treasury on the Consumer Financial Protection Bureau. Credit cards and mortgages made the top of Warren’s list because they are, respectively, “the most widely

Wednesday, November 03, 2010 9:30 am
By Marcie Geffner · Bankrate.com

Halloween 2010 may be over, but financial institutions might still be scared if they’ve been reading the recent remarks of Elizabeth Warren, the former Harvard University law professor who is helping to “stand up,” to use her term, the new federal consumer protection bureau. Warren has unfolded a picture of an agency that’s little like

Monday, October 11, 2010 9:30 am
By Marcie Geffner · Bankrate.com

The National Consumer Law Center, or NCLC, a nonprofit advocacy group, has set out an aggressive agenda for the federal government’s new Consumer Financial Protection Bureau. On the NCLC’s wish list are action items for mortgages, credit cards, overdraft fees, prepaid debit cards, debt collection and more. The items that would take direct hits at

Wednesday, September 29, 2010 10:13 am
By Marcie Geffner · Bankrate.com

Politics aside, it’s easy to like at least some of what President Barack Obama recently had to say in the White House Rose Garden about the mission of the new Consumer Financial Protection Bureau. Here’s an extended excerpt: “Never again will folks be confused or misled by the pages of barely understandable fine print that